Calculate simple interest for principal = Rs. 25000, time 4 years and rate of interest
is 6 p.c.p.a.
please ans
Answers
Answer:
SI = P×R×T/100
=25000×6×4/100
Ans 6000rs
The simple interest for principal = Rs. 25000, time = 4 years and rate of interest = 6 p.c.p.a. is Rs. 6000.
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Let's understand a few concepts:
To calculate the simple interest we will use the following formula:
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Let's now solve the given problem:
The sum of money i.e., principal = Rs. 25000
The no. of years = 4 years
The rate of interest = 6% p.a.
Therefore, by substituting the given values in the above formula of simple interest, we get,
The simple interest is,
=
=
=
Thus, the simple interest is Rs. 6000.
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